Verizon (VZ +0.5%) has settled a long dispute with New York City, agreeing to expand broadband access with a priority on least-connected communities.
The carrier will wire 500,000 more households for high-speed Internet, promising access for 11 New York City Housing Authority locations.
Verizon and the city have been at loggerheads since Mayor Bill de Blasio accused the carrier in 2014 of breaking a promise to expand FiOS service citywide, and the city followed up with a 2017 lawsuit.
The company had suspended its FiOS expansion in 2010 after running into high costs of fiber and last-mile buildout.
The two sides welcomed the deal, with Verizon saying work on the agreement "has already gotten under way," and de Blasio noting "The pandemic has only underscored how critical this need is."
10 replies (most recent on top)
Ha ha ha VZ got paid to finish cabling the entire state of NY way back after Hurricane Sandy 10+ billion from Insurance pay outs 20+ Billion from Guberment pay outs. They had no intention to replace sh–.
Most of that money was in that wheel barrow Lowel carted off. 10 years from now NY will be back putting on the same ol show were suing Verizon cause they wont finish building what they promised.
And the Merry go's round and round. Ha ha ha Lol.
@2mje I’m calling BS on what you “heard” as that man would be fired and, likely, in jail. Also would be in the Daily News.
Peddle your fake news elsewhere.
Did you report him?
Yes right of way .but you go in some yards and some people pull guns on you.heared it happened in a garage in brooklyn and the guy threatened the crew with a gun .by the way the guy was a nypd officer and never identified himself as a cop and never showed his badge. Those are the job they have left to do in n.y.c..good luck getting those jobs done VZ
If only someone had had the foresight to petition government to grant us legal rights and authority that would allowed us unfettered access in perpetuity to certain spaces where utilities pass through property owned by others, a law that said something like that's ours and you can't impede us from accessing it or I'm calling the authorities, call it a way-of-right or a right-of-way or whatever.
Would have been a good idea.
Those are all the acess problem jobs ..csome customer dont want you to cross their yards.No acess into the backyard in a closed block.these jobs will never get done
NYC has a mass exodus problem. No one cares about broadband in that toilet.
https://seekingalpha.com/news/3639172-verizon-nyc-settle-long-dispute-deal-to-expand-broadband-access
Can you say "contract extension"?
No more surplus in NYC.